A Change in the Price of Important Inputs Will Change

question 153

True/False

A change in the price of important inputs will change the quantity supplied but will not shift the supply curve.

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Definitions:

Emotional Intelligence

The aptitude to perceive, regulate, and communicate ones emotions, and to engage in interpersonal dealings in a sensible and empathetic way.

Set Of Abilities

A collection of skills and competencies that an individual possesses, which can be applied to perform tasks or solve problems efficiently.

Cognitive Dissonance

describes the psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes, leading to a motivation to reduce the dissonance by changing beliefs or behaviors.

Emotional Intelligence

The ability to recognize, understand, and manage one’s own emotions and the emotions of others.